IconCool Editor is a powerful icon editor to edit icons, cursors and web graphics. It comes with all the functions for creating and editing ICO, CUR, ANI, ICL, GIF, JPG and BMP image files. In addition, it offers more than 50 image filters, as well as 20 image effects. You can convert images in 25 formats to icons. You canl get the free license for IconCool Editor from the following link:
http://www.iconcool.com/freelicense/iconcooleditor.htm